Another top dfcu bank boss resigns

As it seems to be fierce inside the top management at embattled DFCU bank it's come to our knowledge that Denis Kibuuka Musoke, the head of consumer banking has officially left the bank. Dfcu is lately in the storm which has seen it down size its employees. The...

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High Court orders DFCU bank to pay Shs1B Inherited Loan

The high court commercial Division in Kampala has ordered Dfcu Bank to pay consulting firm, Real Marketing, about Sh994.3 billion (US $266,000) for breach of contract. The matter arose from a loan and its collateral from the defunct Global Trust Bank,...

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Museveni launches Soroti Fruit Factory For Commercial Operations

President Yoweri Museveni has advised the people of Teso Sub-Region in Eastern Uganda to continue growing fruits because it is the medicine to get them out of household poverty and the venture commands global market as well. The President was speaking...

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Gov’t proposes more tax exemptions on investors in industrial parks

Starting July this year investors that set up facilities in Uganda’s industrial parks or free zones will enjoy enormous tax exemptions in move to encourage industrialization. This is according to details contained in the tax amendment bill 2019. Also,...

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Court seeks written submissions in deported MTN CEO’s case

The High court in Kampala has called for written submissions in a case challenging the deportation of Wim Vanhelleputte, the chief executive officer of MTN Uganda. The Belgian was deported on February 14, on the orders of the Internal Affairs minister,...

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Bosco Kataala Was Paid All His Money – MTN Uganda Speaks Out

Since reports emerged last month of Siraje Kasirye alias Bosco Kataala that had helplessly dumped his two children to his helpless mother due to poverty, many people on social media have been questioning whether telecom company, MTN Uganda, had not paid...

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Barclays Bank cashier arrested for stealing Shs 135m from client’s account

Katwe police is holding the cashier of Barclays bank for the alleged theft of Shs 135 million from a client’s account. The suspect; Naigaga Nansamba is a cashier at Barclays bank, Ndeeba branch. Kampala Metropolitan Police spokesperson Patrick Onyango...

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Missing Shs478B Crane Bank’s Money: Shocking Details Leak on Cash Diversions As New Audit Bites Hard

Troubled deputy Governor Bank of Uganda (BoU) Dr.Louis Kasekende had wanted to hoodwink office of the Auditor General into accepting to carry out a fresh audit into the now questionable Shs.478 billion BoU allegedly ‘injected’ into Crane Bank while...

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Gov’t to capitalize BoU, UDB

Government has allocated 627 Billion Shillings to capitalize seven banks. The banks include Uganda Development Bank (UDB) with 103 billion, Housing Finance Bank 30 billion, Post Bank 4.7 billion, International Development Bank 2 billion, Trade Development...

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MTN hikes mobile money charges

MTN Uganda has adjusted its mobile money charges, increasing most of them by between 5 and10 percent. The changes affected transactions on sending money, withdrawing cash (Mobile Money agent and ATM) and making payments. According to MTN Uganda,...

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